Rep. Greg Murphy (R-N.C.) worries that if nothing is completed to curb Medicare cost cuts to physicians, medical doctors will not be capable of afford to run their very own personal practices.
“We’re at a crucible where if we don’t fight these cuts now, if we don’t get rid of them, we don’t reverse them, I don’t see how private practice survives,” Murphy mentioned Thursday throughout The Hill’s “State of Medicare Physician Payments.”
Medicare reimbursement funds for medical doctors had been lowered for the fifth consecutive yr on Jan. 1 when funds decreased by 2.83 p.c. Some argue, nevertheless, that the lower is definitely larger when inflation is taken into consideration.
Final yr, reimbursements had been additionally lower by 1.69 p.c following a 2 p.c lower the yr earlier than.
These cuts are nothing new with Medicare since, by legislation, any adjustments to doctor charge schedules should be budget-neutral or not elevate complete Medicare spending to greater than $20 million in a given yr, in response to KFF.
However the repeated cuts come amid rising prices for medical practices.
Inflation-adjusted Medicare reimbursements for physicians have decreased by 33 p.c since 2001, in response to estimates from the American Medical Affiliation (AMA). In the meantime, medical observe prices have elevated by 59 p.c throughout that very same interval.
Rising overhead prices for medical practices are contributing to the lowering variety of physicians working independently of a hospital or different well being care system.
One evaluation from the AMA discovered that the variety of physicians working in personal observe dropped by 13 proportion factors — from 60 p.c to 46.7 p.c — between 2012 and 2022.
Murphy, who’s a training surgeon along with his personal personal observe, famous that personal practitioners spend a considerable amount of time making an attempt to maintain their services afloat.
“You’re learning to try and cut costs at every juncture to try to make sure you can pay staff,” he mentioned. “And trying to keep staff on so that they aren’t running to another practice just to get more money.”
Non-public observe closures additionally damage sufferers by interrupting their care, in response to Bruce Scott, a doctor and president of the AMA who additionally attended The Hill’s occasion.
Congress may do quite a few issues to fight the Medicare doctor reimbursement lower, Murphy mentioned, like reforming Medicare Benefit, reforming the denial and preauthorization course of and passing the Medicare Affected person Entry and Observe Stabilization Act, which he reintroduced in late January together with 9 different members of the Home.
A bunch of physicians lately rallied outdoors of Congress in help of the invoice, which seeks to undo the two.83 p.c Medicare reimbursement lower and supply a 2 p.c pay enhance.
If handed by the federal funding deadline of March 14, the invoice would take impact on April 1.
Murphy is optimistic that the invoice will move this yr and informed The Hill that the invoice has greater than 90 Republican and Democratic co-sponsors.
“I’ve been having a discussion with our Speaker and the White House to make sure that this gets done soon, hopefully in the CR,” he mentioned, utilizing an abbreviation for persevering with decision (CR). “We’re at the deadline, we are at a crucial point as far as funding for physicians and if not now, when are we going to get this done.”
